The Big Story Is Mark Carney doing enough amid the global chaos?
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Jan 9, 2026 Glen McGregor, a political correspondent for CityNews with keen insights into Canadian politics, dives into the complexities of global chaos. He discusses Prime Minister Mark Carney's measured response to the U.S. raid in Venezuela and its repercussions on Canada's oil sector. The episode explores tensions around Trump's Greenland comments and the potential impact on Canadian sovereignty. Glen also evaluates Carney's impending trip to China, focusing on tariff negotiations and trade disputes, making for a riveting conversation about Canada's role in an unstable world.
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Canada's Nuanced Response To Maduro's Capture
- Canada didn't recognize Maduro as legitimate after his stolen election, which framed Ottawa's cautious reaction to the U.S. capture.
- Mark Carney tried to balance approval that Maduro was removed with concerns about international law and what comes next for Venezuela.
Venezuelan Oil Could Hurt Alberta, But Slowly
- Venezuelan heavy crude is similar to Alberta's bitumen and could displace some Canadian exports at Gulf Coast refineries.
- Experts say the scale and speed of displacement depend on U.S. sanction changes and years of Venezuelan industry reinvestment.
Push Pipeline Strategy When Markets Shift
- Accelerate export diversification by pushing pipeline projects to reach new markets like Asia.
- Use moments of competing supply to re-argue for West Coast access and private-sector proponents to invest.
